The global agricultural biostimulants in turf and ornamentals market is estimated to grow at a CAGR of 14.5% during the forecast period of 2014 to 2019. Biostimulants are organic agricultural substances, which when applied to plants or soils, enhance the plants metabolic processes and enhance or stimulate the plant’s growth, crop yield, taste, and color of fruits & vegetables. In other words, biostimulants are products applied to plants or crops, foliar, in soil or on seeds, to stimulate plant’s natural processes of metabolism. It catalyzes nutrient uptake and enhance growth of plants. They provide protection against various plants diseases and also prevent the burning of plants.

On the basis of end-users, the market has been segmented into turf & ornamentals, row crops, fruits & vegetables, and other crops. The main active ingredients of the market include acids, extracts. The major application segments of the market are foliar, soil, and seed.

Europe is the most dominant region in the global biostimulants in turfs & ornamentals market, having accounted for nearly 50% of the total revenues generated in 2014. Spain, Italy, France, Germany, the U.K., and Poland are some of the major countries driving the growth of organic farming in the European region. Latin America is projected to be the fastest-growing regional segment of the global market, owing to the rapidly-increasing demand from Brazil and Argentina.

The global agricultural biostimulants in turf and ornamentals market is a highly competitive market, with operational firms such as Taminco (US), Agrinos AS (Norway), BASF SE (Germany), and Novozymes A/S (Denmark), among others, which are expanding their market share rapidly across the globe. To gain significant positions in the global market, these companies are adopting numerous market strategies, including innovative product development, partnerships, mergers & acquisitions, and expansions of existing facilities. Apart from these companies, there are large numbers of small firms present in the global agricultural biostimulants in turf and ornamentals market.

Scope of the Report

This research report categorizes the global agricultural biostimulants in turf and ornamentals market into the following segments and sub segments:

Biostimulants are organic agricultural substances, which when applied to plants or soils, enhance the plants metabolic processes and stimulate the plant’s growth, crop yield, taste, and color of fruits & vegetables. It catalyzes nutrient uptake and enhance growth of plants. They provide protection against plants diseases and also prevent the burning of plants.

The purpose of this study is to analyze the global market for the use agricultural biostimulants in turf & ornamentals. This report includes revenue forecasts, market trends, and opportunities for the period from 2014 to 2019. The analysis has been conducted on the various biostimulants market segments derived on the basis of end-users, active ingredients, applications, and geography.

On the basis of active ingredients, the global biostimulants in turfs & ornamentals market is segmented into acids, extracts, and others; the major applications of the market are foliar, soil, and seed. The geographical analysis includes the regions of Asia-Pacific (APAC), North America, Latin America, Europe, and Rest of the World (RoW). The report also includes the key market drivers and inhibitors, along with their impacts, described in detail.

The global agricultural biostimulants in turf & ornamentals market was valued at $330.9 million in 2014 and is projected to reach $652.7 million by 2019, at a CAGR of 14.5% during the forecast period of 2014 to 2019. The market, in terms of applications, has led by the foliar segment in 2014 with an 84.2% share. Acid-based biostimulants find a majority of their applications in the turf & ornamentals segment. In 2014, the acid-based biostimulants segment held a market share of 53.3% of the global agricultural biostimulants in turf & ornamentals market.

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